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QUESTION 9 Jonah has the choice of paying Rita $20,000 today or $80,000 in ten years. Assume Jonah can earn a 11 percent after-tax rate

QUESTION 9 Jonah has the choice of paying Rita $20,000 today or $80,000 in ten years. Assume Jonah can earn a 11 percent after-tax rate of return. What is the present value of the $80,000 payment due in 10 years

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